How to set correct Business interruption sums insured
Alan will take this opportunity to run through how business interruption insurance should be correctly set up. Alan will lift the myths away from Bi and show how, in his easy to understand style, you can get this cover on a correct footing going forward.
Learning Objectives
- Be able to explain to your clients the difference between accounting gross profit and insurance gross profit.
- How to guide your clients correctly so that they set an appropriate indemnity period.
- How to project a correct sum insured through an indemnity period.
- How to best set up BI cover for service firms with no stock.
- Be able to guide your clients on setting an appropriate sum insured for increased cost of working only cover.
- Be able to explain the difference between increased cost of working and additional increased cost of working.
